Property Overview: 496 Matheson Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1945, situated on a standard-sized lot in the Jefferson neighbourhood. Its key characteristic is its modest scale, with a living area of 759 sq ft that is notably smaller than most comparable homes in the area, city, and on its own street. This is balanced by a recently renovated basement, adding functional space, and a detached garage.
The appeal lies in its affordability and practicality. With an assessed value that is around average for its immediate area but below the city-wide average, it represents a potentially accessible entry point into the Winnipeg market. It suits first-time buyers, downsizers, or investors looking for a straightforward, lower-maintenance property. The renovated basement adds value, offering flexibility for a utility room, storage, or a recreational space. A thoughtful perspective is that its smaller size and average lot could mean lower utility costs and less upkeep, appealing to those seeking efficiency over expansiveness.
Section 2: Frequently Asked Questions
1. How does the home's smaller size impact its value?
While the living area is below average, the assessed value is competitive for the Jefferson area. This suggests the renovated basement and lot value contribute significantly, potentially offering value per dollar for buyers who prioritize efficient use of space over square footage.
2. What does the sold price history indicate?
The home sold in late 2017 for an estimated range of $17.5k to $20.5k. It is crucial to request the exact sold price from the provided service for accurate historical comparison, as this range is based on public data and may not reflect final sale terms.
3. Is the property typical for the neighbourhood?
In terms of assessed value and lot size, it is around average for Jefferson. However, it is an older home on a street with properties of varying ages and sizes, so direct comparisons with immediate neighbours are essential.
4. What are the implications of a 1945 build date?
The home is older than many in the city. This typically warrants a careful inspection of core systems (roof, wiring, plumbing) for updates, but it also comes with the character and established neighbourhood feel of a post-war property.
5. Who might this property not suit?
Buyers needing significant space or modern, open-concept layouts may find the footprint limiting. Its appeal is targeted towards those comfortable with a compact, traditional layout who see potential in the updated basement area.